Archive for October, 2014

Canadian dollar slides on soft Canadian GDP, U.S. dollar flows

October 31st, 2014

Canadian dollar slides on soft Canadian GDP, U.S. dollar flows

New Canadian five and 10 dollar bills, made of polymer, are displayed following an unveiling ceremony at the Bank of Canada in OttawaBy Solarina Ho TORONTO (Reuters) – The Canadian dollar dropped to its weakest level in more than a week against its U.S. counterpart on Friday after data showed the country's economy unexpectedly shrank in August for the first time in eight months. The currency's weaker tone was set overnight after the Bank of Japan shocked financial markets around the world by expanding its massive stimulus spending. The move sent the yen plunging to a near seven-year low against the U.S. dollar. …

Source
Economy News Headlines – Yahoo! News

Dow, S&P 500 end at record highs; BoJ move adds fuel to rally

October 31st, 2014

Dow, S&P 500 end at record highs; BoJ move adds fuel to rally

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New YorkBy Caroline Valetkevitch NEW YORK (Reuters) – The Dow and S&P 500 ended at record highs on Friday and indexes posted strong gains for a second week after the Bank of Japan's surprise move to ramp up its stimulus program. Major indexes also posted gains for the month, putting in a sharp recovery from their recent selloff that almost drove the S&P 500 into correction territory. The Nasdaq finished for the day at its highest since March 2000, while for the week the Dow rose 3.5 percent, its best percentage weekly gain since January 2013. The S&P 500 posted its best two-week gain since December 2011.

Source
Stock Markets News Headlines – Yahoo! News

LinkedIn and GoPro are big market movers

October 31st, 2014

LinkedIn and GoPro are big market movers
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE LinkedIn Corp., up $26.06 to $228.96 The online professional social network reported …
Source
Stock Markets News Headlines – Yahoo! News

FOREX-Yen slammed by BoJ easing, falls to near-seven year low

October 31st, 2014

FOREX-Yen slammed by BoJ easing, falls to near-seven year low
NEW YORK, Oct 31 (Reuters) – The yen plunged to a near seven-year low against the U.S. dollar on Friday, putting it on track for its worst day in 18 months, after the Bank of Japan shocked financial…


Source
Reuters: US Dollar Report

TSX climbs on BOJ stimulus steps; gold miners drop

October 31st, 2014

TSX climbs on BOJ stimulus steps; gold miners drop

A sign board displaying Toronto Stock Exchange stock information is seen in TorontoBy John Tilak and Susan Taylor TORONTO (Reuters) – Canada's main stock index advanced on Friday after fresh stimulus measures from the Bank of Japan drove up most major sectors, while shares of gold miners slumped with the price of bullion. The Japanese central bank expanded its massive stimulus spending in an admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April. The move fueled a surge in the U.S. dollar , sending the bullion price tumbling. Shares of gold miners dived yet again, slumping to their lowest in about 13 years. …

Source
Economy News Headlines – Yahoo! News

Shares jump, yen slumps as BoJ ramps up stimulus

October 31st, 2014

Shares jump, yen slumps as BoJ ramps up stimulus

A trader works on floor of New York Stock Exchange shortly after market's opening bell in New YorkBy Herbert Lash NEW YORK (Reuters) – Global equity markets surged more than 1 percent and the yen fell to a nearly seven-year low against the dollar on Friday after the Bank of Japan surprised financial markets by ramping up its massive economic stimulus program. The unexpected jolt from the BOJ led the dollar to post its biggest daily gain against the yen in 18 months, while driving gold and silver to their lowest since 2010. …

Source
Economy News Headlines – Yahoo! News

Wall St ends higher; Dow, S&P close at records

October 31st, 2014

Wall St ends higher; Dow, S&P close at records

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New YorkNEW YORK (Reuters) – The Dow and S&P 500 ended at record highs on Friday and indexes posted strong gains for a second week after the Bank of Japan's surprise move to ramp up its stimulus program. The Dow Jones industrial average rose 191.95 points, or 1.12 percent, to 17,387.37, the S&P 500 gained 23.03 points, or 1.15 percent, to 2,017.68 and the Nasdaq Composite added 64.60 points, or 1.41 percent, to 4,630.74, the highest close for the Nasdaq since March 2000. For the week, the S&P rose 2.7 percent and the Nasdaq rose 3.3 percent. The Dow gained 3. …

Source
Stock Markets News Headlines – Yahoo! News

Wall Street ends higher; Dow, S&P close at records

October 31st, 2014

Wall Street ends higher; Dow, S&P close at records

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – The Dow and S&P 500 ended at record highs on Friday and indexes posted strong gains for a second week after the Bank of Japan's surprise move to ramp up its stimulus program. The Dow Jones industrial average rose 191.95 points, or 1.12 percent, to 17,387.37, the S&P 500 gained 23.03 points, or 1.15 percent, to 2,017.68 and the Nasdaq Composite added 64.60 points, or 1.41 percent, to 4,630.74, the highest close for the Nasdaq since March 2000. For the week, the S&P rose 2.7 percent and the Nasdaq rose 3.3 percent. The Dow gained 3. …

Source
Stock Markets News Headlines – Yahoo! News

UPDATE 2-Peru says most of $3 bln in bonds sold to manage existing debt

October 31st, 2014

UPDATE 2-Peru says most of $3 bln in bonds sold to manage existing debt
LIMA, Oct 31 (Reuters) – Peru’s sale of about $3 billion in government bonds this week, the country’s first tapping of global markets in more than two years, was aimed mainly at managing existing…


Source
Reuters: US Dollar Report

UPDATE 1-Peru's central bank sells $180 million, sol ends at 5-yr low

October 31st, 2014

UPDATE 1-Peru's central bank sells $180 million, sol ends at 5-yr low
LIMA, Oct 31 (Reuters) – Peru’s central bank sold $180 million in the local spot market on Friday and the sol currency weakened 0.1 percent to finish trading at 2.921/2.922 per dollar, the lowest in…


Source
Reuters: US Dollar Report